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20130313
20130321
Search Results 0 to 8 of about 9 (some duplicates have been removed)
LINKTV
Mar 16, 2013 2:00pm PDT
will have to pay one of tax to raise the cash. the russian investors will take a big head, half the sabres in cyprus or non resident russians with huge accounts on the island. the deal looks like this. cypress will get a $13 billion in bailout money. as a condition of the deal, lenders are demanding that people with savings accounts pay up to 10% levy on their deposits to raise almost $8 billion. cyprus is the fifth year as a country to receive a financial bailout. in brussels on saturday, euro zone finance ministers broke the news. >> i am pleased to announce the drug group considered significant progress -- the euro group considered significant progress to have been made. >> without a rescue, cyprus would have defaulted, unraveling confidence across the euro sound. >> despite the small size of the economy, all the developments in cyprus could undermine the progress made in 2012 in stabilizing the euro zone. >> with the banks closed and a public holiday on monday, the levy on bank deposits will come into force on tuesday. the bank is taking immediate steps to prevent electronic money tran
LINKTV
Mar 16, 2013 7:00am PDT
, it will extend to restaurants and bars. spirits are also being taxed by an extra 30% and drinking in public places is now illegal. but some are defiant. >> drink who drink will continue to drink. >> bars like this are having to pass on the extra cost of the alcohol taxes to their customers, raising prices here and the fact that parliament is now debating whether to raise the minimum drinking age from 18 to 21 could push teenagers like this to seek chooper alcohol, homemade alcohol. it's made in garages and kitchens, and togethering with more professionally made fake products, accounts for 40% of all vodka sales. it also accounted for 12,000 eaths in 2011. >> none of these measures will work, as doesn't reduce people's need for alcohol, a need that has increased since 2008 when the economic crisis began. so if a person doesn't have access to legal alcohol, they'll get it from the bootleg sector. this is what is happening in russia. >> the crackdown is another ongoing battle, all part of president putin's plan to clean up russia and keep the world's largest country filled with enough people t
LINKTV
Mar 17, 2013 4:00pm PDT
will be taxed. was lesss everybody than a certain amount of money in the bank will pay a one-time tax. anyone who has more than that in savings will pay 9.9%. someone with $150,000 in the bank will be forced to give the government nearly $15,000. cyprus is the third eurozone country to receive a financial lifeline, but the first to dip into people's savings to pay for it. >> it is a lose lose situation. there will be a huge deposit withdrawal, with or without a levy. >> the deal still requires the approval of parliament and it is not just cyprus it should be worried. 40% ofers account for bank deposit, and most of them are from nonresident russians. those alone amount to more than $32 billion. >> russian public opinion has a contradictory approach. on one hand, they're very happy because they believe that a businessman who puts his money to cyprus banks and not honest not honest -- businessman. >> cyprus may well default in may, and crash out of the euro. >> the president was quite drastic in his speech, saying it was the blackmail of the if he did not do this, he would have had to exit the e
LINKTV
Mar 17, 2013 11:00pm PDT
addressed his country to explain why he accepted a controversial plan which includes taxing people's savings and promised to amend some of the provisions to protect small depositers. they're meeting monday to discuss the tax many say are disastrous. >> attempting to drain their savings before the government takes a cut. but these anxious investors were a day late. >> i saw people withdrawing money on saturday and told myself let's do it later. then there were no money. all the cash points were empty. >> beaten by the thousands at the a.t.m. machines across the country, the public could be funding the country's financial bailout. banks put in place withdrawal limits but did nothing to deter would-be cash grabbers. under the deal, anyone with a bank deposit in cypress will be taxed. that means everyone who is less than $130,000 in the bank will pay a one-time tax of 6.75%. anyone with more than that in savings will pay 9.9%. someone with $150,000 in the bank will be forced to give the government nearly $15,000. tonight the president of cypress spoke to the country, urging acceptance of the bai
LINKTV
Mar 20, 2013 5:30am PDT
to tax people's savings in exchange for $13 billion international bailout. dramatic and unprecedented the no vote in cyprus is the rejection of efforts to impose a bailout on the island, one that would have taken money from the bank accounts of people like these. they were delighted at the news. >> this is an historical moment. not only, of course, with cyprus but in my opinion we are living in historical times. a new era. >> we all felt like someone's -- like someone was putting a gun to our heads. >> inside parliament, there were hours of heated debate. in the end, the president's party abstained and no one voted in favor. this is out a leader of the opposition saw the. >> i hope a constructive dialogue will take place, and we managed to reach a consensus on how to proceed forward. it is a very difficult sign. the rejection of the agreement between the euro group and the government is not the end of the road. it is just the beginning of a very hard fought fight. we know it very well. >> it may well be that on top of the rage people felt having their hard-earned savings taken away, t
LINKTV
Mar 17, 2013 5:30am PDT
of a planned tax on their savings. the president says it is needed to avoid bankruptcy. china's new leaders have promised to tackle corruption and keep the economy growing. in his first speech as head of state, xi jinping also spoke of overseeing a chinese renaissance. politicians in pakistan are hoping to reach agreement for an interim government to oversee elections. the prime minister has addressed the nation after his government became the first in the nation's history to serve a full five-year term. more radioactive waste is leaking from the most contaminated nuclear site in the united states. another 2000 liters of waste have recently spilled. over 4 million liters since the 1940's. we have this report from washington state. >> this is the edge of the hanford nuclear station in washington state, a 1500 square kilometers site, with the dubious distinction of being the most contaminated place in america. recently, the government disclosed that six large underground tanks are leaking up radioactive of waste each year. it alarms environmentalists, who fear that it could pass into groundwa
LINKTV
Mar 18, 2013 5:30am PDT
to tax savers as unfair and dangerous. is cypriot government considering imposing a savings levy of up to 10% as a condition for receiving an international bailout. the president has had to give one of the most difficult speeches of his tenure to convince impede cost to vote for the bailout deal. for to votece him h the bailout deal. >> we are living in the most tragic times since 1974. we have the -- taken charge of a state that is, unfortunately, facing bankruptcy. >> financial experts say many people are still digesting the news to. >> -- the news. >> for me as an economist, the money was still there saturday morning. if you're not watching very very closely, people were very surprised. got hit under 100,000 anyway. that was a bit of a rude shock. i think people are angry and annoyed. 48 hours later, i think people realize -- the president said it very strongly last night. they showed some of the business people on state tv last night. saying, we have no choice, this is all we can do. >> the president sent -- set out his case for voting in this bailout when he addressed the people o
LINKTV
Mar 19, 2013 5:30am PDT
to a tax, it is not agreeing to international bailouts. people rushed to take out their money over the weekend. the european union and the international monetary fund. >> the feeling is that the house is going to reject the bill. >> why is that? because they fear cyprus, a clash. >> how will you treat this information? what will you do with it? >> we have our own plans. >> in japan, a power cut is hitting systems that keep nuclear fuel cool at the fukushima our station. the earthquake and the tsunami to show years ago -- two years ago destroyed the part of the station. the operator assists there is no danger. >> we believe there is plenty of time before the temperatures in the polls exceed what we believe is a danger level of 65 degrees. before that happens, we will do our best to restore power. globalfootage shot by witness seems to be showing activity leading to corrupt land deals. >> this is the malaysian state, fast and a rich and resources, home to many indigenous groups. but it's future hangs in the balance, under threat from certain businessmen and politicians. >> they are t
Search Results 0 to 8 of about 9 (some duplicates have been removed)